IMAGE  EVALUATION 
TEST  TARGET  (MT-S) 


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Photographic 

Sciences 

Corporation 


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33  WIST  MAIN  STRUT 

WHSTIII,N.Y.  USIO 

(71»)t7a-4503 


CIHM/ICMH 

Microfiche 

Series. 


CIHM/ICMH 
Collection  de 


microfiches. 


I 


Canadian  Institute  for  Historical  Microreproductions  /  Instltut  Canadian  de  microreproductions  historiques 


Technical  and  Bibliographic  Notos/IMotes  techniques  et  bibliogrophiques 


* 


The  Institute  has  attempted  to  obtain  the  best 
original  copy  available  for  filming.  Features  of  this 
copy  which  may  be  bibliographically  unique, 
which  may  alter  any  of  the  images  in  the 
reproduction,  or  which  may  significantly  change 
the  usual  method  of  filming,  are  checked  below. 


[3 


Coloured  covers/ 
Couverture  de  couleur 


I      I    Covers  damaged/ 


L'Institut  a  microfilm^  le  meilleur  exemplaire 
qu'il  lui  a  6t6  possible  do  se  procurer.  Les  d6tails 
de  cet  exemplaire  qui  sont  peut-6tre  uniques  du 
point  de  vue  bibliographique,  qui  peuvent  modifier 
une  image  reproduite,  ou  qui  peuvent  exiger  une 
modification  dans  la  mdthode  normale  de  filmage 
sont  indiqu^s  ci-dessous. 


Couverture  endommag^e 


□ 


Coloured  pages/ 
Pages  de  couleur 

Pages  damaged/ 
Pages  endommag^es 


n 

D 
D 


Covers  restored  and/or  laminated/ 
Couverture  restaurde  et/ou  pelliculde 


Cover  title  missing/ 

Le  titre  de  couverture  manque 

Coloured  maps/ 

Cartes  gdographiques  en  couleur 


D 
D 
D 


Pages  restored  and/or  laminated/ 
Pages  restaur^es  et/ou  pelliculdes 

Pages  discoloured,  stained  or  foxed/ 
Pages  dScolor^es,  tachet^es  ou  piqu^es 

Pages  detached/ 
Pages  d6tach§es 


D 


Coloured  ink  (i.e.  other  than  blue  or  black)/ 
Encre  de  couleur  (i.e.  autre  que  bleue  ou  noire) 


D 


Showthrough/ 
Transparence 


D 
D 


Coloured  plates  and/or  illustrations/ 
Planches  et/ou  illustrations  en  couleur 

Bound  with  other  material/ 
Reli6  avec  d'autres  documents 


D 
D 


Quality  of  print  varies/ 
Quality  indgale  de  I'impression 

Includes  supplementary  material/ 
Comprend  du  materiel  supplementaire 


D 


D 


Tight  binding  may  cause  shadows  or  distortion 
along  interior  margin/ 

La  reliure  serree  peut  causer  de  I'ombre  ou  de  la 
distortion  le  long  de  la  marge  Intdrieure 

Blank  leaves  added  during  restoration  may 
app'^ar  within  the  text.  Whenever  possible,  these 
have  been  omitted  from  filming/ 
II  se  peut  que  certaines  pages  blanches  ajout^es 
lors  dune  restauration  apparaissent  dans  le  texte, 
mais,  lorsque  cela  6tait  possible,  ces  pages  n'ont 
pas  dt6  filmdes. 


n 


Only  edition  available/ 
Seuie  Edition  disponible 

Pages  wholly  or  partially  obscured  by  errata 
slips,  tissues,  etc.,  have  been  refilmed  to 
ensure  the  best  possible  image/ 
Les  pages  totalement  ou  partiellement 
obscurcies  par  un  feuillet  d'errata,  une  pelure, 
etc.,  ont  6t6  film^es  d  nouveau  de  fa9on  d 
obtenir  la  meilleure  image  possible. 


D 


Additional  comments:/ 
Commentaires  suppl^mentaires; 


This  item  is  filmed  at  the  reduction  ratio  checked  below/ 

Ce  document  est  fiim6  au  taux  de  reduction  indiqud  ci  dessous. 


10X 

14X 

18X 

22X 

26X 

SOX 

A 

12X 

16X 

20X 

24X 

28X 

32X 

iplaire 
.OS  details 
niques  du 
ent  modifier 
exiger  une 
de  filmage 


ced/ 
)iqu6es 


/ 
ntaire 


The  copy  filmed  here  has  been  reproduced  thanks 
to  the  generosity  of: 

Library  of  Congress 
Photoduplication  Service 

The  images  appearing  here  are  the  best  quaiity 
possible  considering  the  condition  and  legibility 
of  the  original  copy  and  in  keeping  with  the 
filming  contract  specifications. 


Original  copies  in  printed  paper  covers  are  filmed 
beginning  with  the  front  cover  and  ending  on 
the  last  page  with  a  printed  or  illustrated  impres- 
sion, or  the  back  cover  when  appropriate.  All 
other  original  copies  are  filmed  beginning  on  the 
first  page  with  a  printed  or  illustrated  impres- 
sion, and  ending  on  the  last  page  with  a  printed 
or  illustrated  impression. 


The  last  recorded  frame  on  each  microfiche 
shall  contain  the  symbol  —»>  (moaning  "CON- 
TINUED"), or  the  symbol  V  (meaning  "END"), 
whichever  applies. 

Maps,  plates,  charts,  etc.,  may  be  filmed  at 
different  reduction  ratios.  Those  too  large  to  be 
entirely  included  in  one  exposure  are  filmed 
beginning  in  the  upper  left  hand  corner,  left  to 
right  and  top  to  bottom,  as  many  frames  as 
required.  The  following  diagrams  illustrate  the 
method: 


L'exemplaire  film6  fut  reproduit  grdce  d  la 
g6n6rosit6  de: 

Library  of  Congress 
Photoduplication  Service 

Les  images  suivantes  ont  6t6  reproduites  avec  le 
plus  grand  soin,  compte  tenu  de  la  condition  et 
de  la  nettetd  de  l'exemplaire  film6,  et  en 
conformity  avec  les  conditions  du  contrat  de 
filmage. 

Les  exemplaires  originaux  dont  la  couverture  en 
papier  est  imprim^e  sont  film^s  en  commengant 
par  le  premier  plat  et  en  terminant  soit  par  la 
dernidre  page  qui  comporte  une  empreinte 
d'impression  ou  d'illustration,  soit  par  le  second 
plat,  selon  le  cas.  Tous  les  autres  exemplaires 
originaux  sont  film^s  en  commenpant  par  la 
premiere  page  qui  comporte  une  empreinte 
d'impression  ou  d'illustration  et  en  terminant  par 
la  dernidre  page  qui  comporte  une  telle 
empreinte. 

Un  des  symbolep  suivants  apparaltra  sur  la 
dernidre  image  de  cheque  microfiche,  selon  le 
cas:  le  symbole  —^  signifie  "A  SUIVRE  ",  le 
symbole  V  signifie  "FIN". 

Les  cartes,  planches,  tableaux,  etc.,  peuvent  Atre 
film6s  d  des  taux  de  reduction  diff^rents. 
Lorsque  le  document  est  trop  grand  pour  fttre 
reproduit  en  un  seul  cliche,  il  est  filmd  A  partir 
de  Tangle  supArieur  gauche,  de  gauche  d  droite, 
et  de  haut  en  bas,  en  prenant  le  nombre 
d'images  n^cessaire.  Les  diagrammes  suivants 
illustrent  la  m6thode. 


>d  by  errata 
ilmed  to 

iment 

a,  une  pelure, 

e  fapon  d 

le. 


12  3 


1 

2 

3 

4 

5 

6 

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LSD  ■^-^'^' 


G^™ 


UPON  THE  SUBJI    T  OF 


DDRESS 


(XLIFE  mSUiUNCE 


JANUARY 


^it!r -^^;./ m^ 


I  ! 


AN 


ADDRESS 


UPON  THE  SUBJECT 


t)» 


LIFE    INSURANCE, 


i  it 


<: 


0. 


^>y 


GEO.   F.   FOOTE,   M.  D. 


U.  S.  A. 


DELIVERED  BEFORE  THE  BATAVIA  LYCEUM, 


JANOART,  18G9. 


'•^ililseitmmiiMiaituittmiiimmm 


/I" 


H 


S«/.^^ 


^^ 


Entered  according  to  the  act  of  Congresa,  in  the  year  1883,  by 

GEO.  F.  FOOTE,  M.  D., 

In  the  Clerk's  Office  of  the  District  Court  of  the  Southern  District  of  New- York. 


H 


■rA3 


•^ 


<j 


I  ths  year  ISSS,  by 

hern  District  of  New- York. 


•^ 


LIFE  ASSURANCE. 


We  live  in  a  progressive  age  ;  the  world  is  teeming  with 
new  discoveries  ;  the  arts  and  sciences  are  advancing  in  rapid 
strides  ;  the  march  of  improvement  is  onward  toward  the 
goal  of  perfection ;  and  "  man  hath  sought  out  many  inven- 
tions," to  benefit  his  creature  man. 

There  probably  hijs  never  been  a  period  within  the  history 
of  the  world  in  which  so  much  has  been  done  to  benefit  and 
ameliorate  the  condition  of  the  human  ftimily,  as  is  being  done 
at  the  present  age.  Every  year  gives  birth  to  new  associa- 
tions, the  objects  of  which  are,  the  promotion  of  human  happi- 
ness. It  is  the  theme  of  all  societies ;  and  all  advocate  charity 
and  claim  to  be  philanthropists.  Aside  from  that  divine  organi- 
zation, the  Clmrch,  there  are  innumerable  benevolent  associa- 
tions, from  nearly  all  classes,  the  designs  of  which  are  to  better 
protect  mankind  and  extend  tb  j  'ostering  care  of  friendship  to 
the  helpless  and  needy.  Inde  ■  )•  is  the  boasttd  object  of  all 
free,  civil,  and  religious  institutioi.  to  elevate  all  classes  to  a 
standard  of  equality,  so  far  as  relates  to  opportunities  for  ac- 


!y^S*Mgff^l«>#Biaii*flW^'ff«iWIOM»^g*<i 


quiring  knowledge  and  the  necessary  competence  of  this  world's 
goods — of  which,  eveiy  one  is  considered  to  have  (without 
reference  to  birth)  a  natural  right  to  as  much  as  shall,  at 
least,  place  him  above  want  and  suffering. 

Among  the  most  jmtent  of  tliese  benevolent  associations  ia 
that  of  Life  Insurance,  which  has  saved  from  suffering  and 
want  many  thousands  who  now  bless  the  provident  hand  that, 
while  living,  made  the  necessary  preparation  for  their  main- 
tenance in  anticipation  of  his  decease.  When  this  shall  be- 
come univereal,  and  the  boon  of  every  family,  (which  we,  one 
day,  hope  to  see,)  there  will  then  be  a  more  general  and  equal 
distribution  of  property,  and  we  shall  no  more  hear  of  desti- 
tute widows  and  orphans  being  thrown  upon  the  cold  charities 
of  this  world.  Suffering  and  want,  hunger,  cold,  and  naked- 
ness, wretchedness,  misery,  distress  of  body  and  mind,  and,  we 
might  add,  crime  in  some  of  its  most  revolting  forms,  (for  want 
oflen  leads  to,  and  is  the  parent  of  crimes,)  will  be  strangers, 
where  now  they  fctalk  abroad,  around  us,  and  in  our  very 
midst. 

To  mifigate  the  ills  pertaining  to  our  mortal  existence ;  it 
is  clearly  a  philanthropic  measure,  and  should  receive  our 
earliest  attention,  ranking  first  among  the  secular  duties  of  life. 
It  has  been  truly  said,  that  "  Life  Insurance,  which  is  entitled 
to  and  receives  a  high  rank  among  all  benevolent  and  useful 
institutions,  is  now  engaging  the  attention  of  those  thinking 
men  who  are  accustomed  to  reflect  deeply  on  the  past,  and  to 
form  just  anticipations  of  the  future  ;  being  received  with  the 
greatest  favor  in  those  countries  where  education  is  most  dif- 


letence  of  this  world's 
id  to  have  (without 
)  much  as  shall,  at 

•olent  associations  is 
i  from  suffering  and 
provident  hand  that, 
ition  for  their  main- 
When  this  shall  be- 
mily,  (which  we,  one 
lore  general  and  equal 
naore  hear  of  desti- 
ipon  the  cold  charities 
fcr,  cold,  and  naked- 
ly and  mind,  and,  we 
)lting  forms,  (for  want 
3,)  will  be  strangers, 
us,  and  in  our  very 

r  mortal  existence ;  it 
.  should  receive  our 
s  secular  duties  of  life. 
ance,  which  is  entitled 
enevolent  and  useful 
jn  of  those  thinking 
y  on  the  past,  and  to 
Dg  received  with  the 
ducation  is  most  dif- 


fused, and  where  the  obligations  of  social  life  are  most  re- 
garded." 

AOE   OF   LIFE   INSURANCE. 

The  oldest  company  in  England  was  established  near 
150  years  ago.  Others  soon  followed,  which  are  still  in 
successful  operation  and  have  large  accumulations.  In  this 
country  they  have  been  in  successful  operation  for  about  20 
years.  Though  many  experiments  have  been  made,  many 
plans  devised,  to  cheapen  the  yearly  annuities  in  order  to  induce 
men  to  favor  certain  companies,  which  have  brought  into  ex- 
istence many  ephemeral  ones,  yet  to  the  present  time  there 
has  been  no  failure  of  any  well-regulated  company,  when  un- 
connected with  other  business,  whose  officers  duly  attended  to 
their  duty  and  were  honest  men. 

UNCERTAINTY  OF  OTHER  INVESTMENTS. 

In  all  branches  of  business,  whether  manufacturing,  com- 
mercial, or  agriculture,  success  depends  upon  a  variety  of  con- 
tingent circumstances.  A  man  may  profit  by  his  investment, 
or  he  may  lose.  There  can  be  no  positive  and  sure  cjdculations 
made  of  a  stipulated  amount  of  profits  or  returns.  "Whatever 
may  be  the  probabilities  with  the  most  accurate  and  mathe- 
matical calcubitions,  there  always  are  mqre  or  less  uncertainties 
attending  any  speculation.  The  caprice  of  fortune  rules  des- 
potically over  all  branches  of  business.  This  is  even  the  ca^e 
with  many  forms  of  insurance — ^indeed,  we  may  say,  all  but  a 


!i* 


well-regulated  Life  Insurance.   In  fire  and  marine  insurance  the 
chances  are  supposed  to  he  as  a  thousand  to  one,  that  a  build- 
ing is  not  burned  or  a  vessel  lost,  subject  to  the  caprice  of  for- 
tune.   No  correct  and  absolute  data  win  be  formed.      A  suc- 
cession of  good  luck  will  enrich  a  company  in  a  few  years,  while 
a  ciilamitous  fire,  destroying  but   a  small    proportion  of 
one  of  our  great  towns,  would  be  sufficient  to  bankrupt  nearly 
every  fire  company  in  the  State.     Again,  monies  expended  in 
fire  or  marine  insurance  (as  well  as  in  most  otlier  forms  but 
life)  bring  no  returns,  unless  we  suffer  a  loss  wliich  must 
equal  or  exceed  the  amount  of  money  we  are  to  receive.    For 
this  chance  we  have  to  pay  a  premium,  which,  at  the  end  of  a 
year,  if  our  house  hiis  not  been  burned,  or  at  the  end  of  a 
voyage,  and  the  vessel  has  not  been  lost,  is  an  investment  from 
which  we  get  no  return,  and  is  in  reality,  so  fur  as  we  are  ia- 
dividually  concerned,  so  much  money  thrown  away.        ^     ^ 


^      J  CERTAINTY  OF  LIFE  INSURANCfi. 

The  contrary  of  all  this  will  be  found  in  Life  Insurande. 
Pervading  all  nature  we  find  certain  fixed  and  permanent  laws, 
which  never  change ;  as  that,  by  the  force  of  gravitation,  water 
seeks  its  own  level,  or  by  the  application  of  heat  it  Is  converted 
into  vapor,  or  by  the  abstraction  of  heat  into  ioe  ;  the  earth 
turns  upon  its  own  axis  ;  the  sun  rises  in  the  East;  crystals 
assume  certain  forms  in  particular  salts  which  never  vary, 
Ac.  So  in  the  calculations  for  Life  Insurance,  which  are  based 
upon  the  laws  of  mortality,  obtained  from  observations  in  va- 


-W 


i«*actitmmiii- 


d  marine  insurance  the 
id  to  one,  that  a  build- 
t  to  the  caprice  of  for- 
1  bo  formed.      A  suc- 
ly  in  a  few  years,  while 
small    proportion  of 
ent  to  bankrupt  nearly 
in,  monies  expended  in 
most  otlier  forms  but 
ar  a  loss  which  must 
ve  are  to  receive.    For 
,  which,  at  the  end  of  a 
d,  or  at  the  end  of  a 
(t,  is  an  investment  from 
ty,  so  far  as  we  are  in- 
thrown  away.    •        ^^ 


8URANC£. 

aund  in  Life  Insuran6e. 
ied  and  permanent  laws, 
irce  of  gravitation,  water 
on  of  heat  it  Is  converted 
at  into  ioe  ;  the  earth 
s  in  the  East ;  crystals 
salts  which  never  vary, 
isuranoe,  which  are  based 
rom  observations  in  va- 


rious parts  of  the  world  for  the  hust  200  years.  From  these 
are  deduced  the  expecUition  of  life,  and  tables  are  formed  from 
which  we  can  learn  the  average  of  expected  life  at  any  ago.  As 
for  instance,  wo  learn  that  1,000  pci-sons  at  the  ago  of  25 
will  yet  live  to  average  about  37^  years  each ;  at  the  age  of 
30,  about  34^ ;  and  at  the  age  of  35.  just  31  years  each  ;  and 
80  on.  Now  these  facts  are  found  to  be  as  certain  and  a.<i  fixed 
a  law  as  any  other  before  mentioned.  Observations  in  Paris, 
London,  Carlisle,  Northampton,  and  this  country,  made  by  the 
most  experienced  actuaries,  obtain  (within  a  fraction)  the  same 
results.  Having  these  tables  before  us  from  which  we  can 
adduce  the  average  of  expected  life  at  any  age,  wo  have  only 
to  charge  each  individual  that  sum  which,  in  the  given  number 
of  years  he  is  yet  expected  tc>  live,  will  just  amount  to  the  sum 
for  which  he  insures.  It  matters  not  if  the  first  of  1,000 
should  decease  the  first  year,  the  next  one  may  live  twice  the 
expected  term,  and  the  whole  are  certain  to  make  as  many 
payments  as  will  amount  to  the  wholo  sum  for  which  they  are 
all  insured,  so  that  Life  Insurance  raay  be  truly  said  to  be  a 
matter  of  certainty. 

UNCERTAINTY   OF   OTHER    INSURANCE.  >^: 

In  fire  risks,  there  can  be  no  certain  data  for  calculations. 
We  cannot  tell  how  many  buildings  may  burn  in  a  year  or  a 
given  number  of  years,  and  the  best  of  calculations  are  but  a 
hazard,  the  result  of  guess-work,  a  mere  chance  aflFair  :  and 
that  may  be  said  of  all  other  insurances,  excepting  life.  All 
other  risks  are  uncertain,  even  after  many  years.    But  the  ces- 


A;^i»aKy»aiSM«^i£»Ht««»(Me«s 


t  -i!tn:'~i.Cl-rL»£'^-v^---^ 


8 

sation  of  life  is  certain;  doatli  is  sure  to  come,  and  come  it 

will. 

Again,  a  fire  may  consume  but  a  part,  or  any  other  loss 
may  be  but  a  partial  one  !  But  in  Life  Insurance,  death  takes 
the  whole  ;  there  are  no  savings  ;  the  loss  is  a  complete  one. 
And  all  calculations  are  based  upon  these  certainties.  Conse- 
quently, no  life  company  can  ever  fail  where  competent  mathe- 
maticians and  honest  men  control  its  affairs. 


ACCUMULATIONS. 

But  there  are  other  considerations  in  Life  Insurance,  aside  from 
the  stipulated  sum  for  which  each  one  insures,  viz  :  the  accu- 
mulations. All  money  paid  in,  except  what  is  necessary  to 
meet  current  exi>enses  and  losses,  is  invested  in  State  or  United 
States  Stocks,  or  loaned  on  l)ond  and  mortgage  on  real  estate 
worth  50  per  cent  more  than  the  amount  of  the  sum  loaned. 
These  investments,  of  course,  are  drawing  interest,  which  inter- 
est is  again  rcloaned,  making  an  investment  at  compound  inter- 
est. These  interests  are  an  accumulation  to  the  benefit  of  the 
company,  which  in  a  few  years,  in  a  successful  one,  whose  ex- 
l)enses  are  proprtionate  to  their  business,  amount*  to  a  large 

sum. 

To  ,give  an  idea  of  the  gains  of  compound  interest,  |20  in- 
vested yearly,  commencing  at  birth  and  remaining  untouched, 
amounts,  at  the  age  of  30,  to  $1,550  ;  at  the  age  of  40,  to 
$3,005 ;  mul  at  the  age  of  00,  to  the  enormous  sum  of  $10,660. 
Twenty  dollars  a  year  for  sixty  years  is  only  an  investment  iu 


!f 


Jii; 


o  come,  and  come  it 

irt,  or  any  other  loss 
Insurance,  death  takes 
OSS  is  a  complete  one. 
ISO  certainties.  Consc- 
here  competent  mathe- 
flfairs. 


18. 

Ate  Insurance,  aside  from 
insures,  viz  :  the  accu- 
t  what  is  necessary  to 
nested  in  State  or  United 
mortgage  on  real  estate 
unt  of  the  sum  loaned, 
ing  interest,  which  inter- 
ment at  compound  inter- 
ion  to  the  benefit  of  the 
iiccessful  one,  whose  ex- 
ness,  amount*!  to  a  large 

ipound  interest,  |20  in- 
id  remaining  untouched, 
at  the  age  of  40,  to 
normous  sum  of  $10,660. 
is  only  an  investment  iu 


9 


principal  of  $1,200,  yet,  with  the  com])ound  interest,  it  amounts 
to  nearly  nine  times  the  whole  sum  invested. 

DIVIDENDS. 

All  accumulations  above  losses  and  expenses,  in  proprietary  or 
stock  companies,  go  to  the  stockholders ;  but  in  the  mutual 
companies,  they  are  divided  equally  among  the  lite  members  in 
proportion  to  the  amount  of  their  respective  premiums.  In  a 
purely  stock  company,  the  friends  of  the  insured  get  only  the 
amount  of  the  policy.  The  accumulations  and  savings  of  these 
companies  in  time  become  quite  large,  and  the  parties  interested 
in  the  stock  (not  the  insured)  realize  great  incomes,  which,  in 
reality,  properly  belongs  to  and  should  Iki  paid  to  the  insured, 
who  have  invested  their  money.  This  is  the  case  in  all  well- 
regulated  Mutual  Life  Companies,  wiiich  are  now  having  the 
preference  of  pubhc  opinion  over  all  othei-s, 

ADVANTAOeS  OF  THE  MUTUAL  SYSTEM. 

One  of  the  oldest  mutual  companies  is  that  of  the  "  Equitable 
Society  for  Assurance  of  London."  Tliis  hjus  been  in  successful 
operation  for  about  ^  00  years,  and  many  c.-ises  of  large  profits 
accruing  to  the  jussured  is  rejiorted  by  the  company,  showing  the 
practical  advantage  of  the  insured  participating  in  the  net  pro- 
fits of  the  bus'.ii(;8s. 

CuAMDRRs'  Journal,  in  a  very  able  nrticle  on  the  subject 
of  Life  Assurance,  states  that  "  after  a  careful  examination  of 
the  two  plans,  {stock  and  mutual,)  with  some  benefit  from 
u 


.«<P»*- 


-  lawaMHUtf'WO'Bwwi 


10 

prariical  experience,  we  do  not  hesiU^te  to  declare  our  convic- 
Ln  that  the  mutual  svstkm  is  thk  ok.v  onk  which  thk 
ruBUC  a«  /«r</e  are  concerned  to  support.     Of  the  srocK  sys- 
tem the  same  author  remarks,  that  m  one  instance  under  our 
immdinte  notice,  tek  thousanp  povkps  o/  j>aid  up  capita 
now  stand,  after  seventeen  years^  business,  at  the  value  of 
£70  000  in'the  stock  market,  being  £600  per  cent,  of  pre- 
mium      What  is  it  that  has  so  much  increased  tU  value? 
Only  those  surplusages  of  iH.ym.nt  by  th.  public  which  ^n  a 
MUTVA.  0KK.CE  wouUl  all  coMC  back  to  ilu.  assured.  In 

fau,  the  system  of  mutual  assukanc,  ^ pure  and  u,dej.led 
I  lh.i  which  Uu  public  should,  for  its  own  sake,  and  partly 
for  the  sake  of  morality,  also  support.     It  Is  aii  institution 
cont^>mi>lating  uumixe.l  good  to  mankind." 

l.„oKE«sou  1>K  Morgan,  one  of  the  best  authors  on  Life 
A^urance,  ol.erves  (immediately  after  giving  an  oinn.on  in 
favor  of  the  mutual  system  as  contnusted  with  the  stock,)  that 
tfu^re  is  nothin,  in  the  commercial  world  which  appro.,ches, 
even  remotely,  to  the  security  of  a  well  established  and  ;n-«- 
dently  managed  Life  Insurance  Coinpanyr 

WHO  SHOULD  INSURE. 
With  this  description  and  reliability  of  Life  Insurance,  let 
u«  consider  more  in  det.nl  its  especial  object.  Who  Bhould 
„.ail  themselves  of  Uieso  institutions  1  We  answer  all,  V«th 
the  rich  and  ,KK,r  ;  all  classes  .ui.l  denominations ;  the  clergy- 
„,an,  the  layman,  the  lawyer,  Uie  doctor,  the  merchant  and  me- 


!  to  declare  our  convic- 

ONLY    ONE    WHICH    THE 

ir<.     Of  the  STOCK  sys- 
one  instance,  under  our 
SDS  of  paid  up  capital 
sine-ss,  at  the  value  of 
£600  per  cetit.  of  pre- 
:h  increased  its  value  ? 
')y  the  public  which  in  a 
to  lite  asuured.^^      "  /« 
CE,  'pure  and  utideflcd,' 
it  own  sake,  and  partly 
rt.     It  Is  ail  instUutioii 
kind." 

he  best  authora  on  Life 
(T  giviiijj;  un  opinion  in 
,tod  with  the  stock,)  "that 
world  which  approaches, 
)dl  established  and  pru- 
npany!^ 

48URE. 

lity  of  Life  Insuranco,  let 
ial  object.  Who  should 
,  ?  Wo  answer  all,  Iwth 
lonominations ;  the  clerjjy- 
xjtor,  the  merchant  and  mo- 


ll 

chanic,  the  farmer  and  laliorer.  Every  one  who  ha.s  a  family 
or  friends  dependent  on  him  for  support  should  eft'oct  an  in- 
surance ui)on  his  life  for  their  benefit  in  case  of  his  decease. 
The  rich  should  do  it,  because,  Ist,  tliej  liavc  the  ready  means  to 
provide  a  certainty  against  the  chances  of  fortune,  which  often 
give  to  riches  wings  ;  and  they  fly  away  in  an  unlooked-for 
hour,  leaving  those  who  fancied  themselves  secure  against 
want,  but  only  paupers,  when  death  takes  from  them  their 
provider  and  protector,  viz :  a  husband  and  father.  Secondly, 
because  they  cannot  invest  their  fiuids  in  a  more  sure  and 
protitjible  manner,  with  a  greater  certainty  cf  a  safe  return, 
with  interest,  than  in  Life  Insurance. 

The  poor  man  should  do  it,  because,  however  small  the  in- 
come, a  little  can  l>6  invested  for  tiie  future  want  of  those  wh» 
otherwise  are  to  bo  left  destitute  when  he  comes  to  die  !  A 
reality  which  is  sure,  at  no  distjint  day,  to  bai)pen. 

The  professional  man  should  do  it,  because,  though  in  life 
and  health,  with  his  practice,  ho  finds  a  ready  means  of  supiwrt 
and  education  for  his  family,  perhaps  of  surrounding  them  with 
the  refinements  and  luxuries  of  we.altli,yot  dc;ith  too  often  takes 
the  whole,  and  thos<>  who  Ih-ive  never  known  a  care  are  left  to 
penury  and  want. 

The  man,  professioiuil  or  non-professional,  wlio  is  dependent 
upon  a  salarv'  for  a  susU-nance,  should  do  it —because  with 
life  the  income  ceases,  and  to  the  loss  of  a  liusband  and 
father  may  1h>  added  dependance  upon  heartless  relations,  and 
ox|)08ure  to  insult  and  jxjverty. 

This  is  particularly  obligaljry  upon  clerpymen,  who  with  a 


^      !■  mil   ..■■■—lillHMIti 


■%i?mf-' 


12  .    ^ 

limited  salary  and  closest  economy  are  only  enabled  to  sustain 
themselves  respectably,  with  scarce  a  thought  or  possibility  of 
providing  a  future  competency  for  their  families,  when  they  shall 
have  been  called  to  render  up  an  account  of  their  stewardship. 
Indeed,  we  hold  it  to  be  a  duty  of  every  Church  to  provide  a 
life  policv  for  their  pastor,  or  at  least  to  add  to  his  salary  be- 
yond his  immediate  wants  a  sum  that  shall  enable  him  to  do  it. 
The  rmvchant  sliould  -lo  it,  because  of  all  classes  there  are 
none  more  exposed  to  the  changes  and  vicissitudes  of  fortune 
than  he  :  though  rich  to-day,  to-morrow  poverty  may  stare  h.m 
in  the  face  ;  though  apparently  independent,  yet  should  death 
suddenly  come   upon  him,  his  executon*  would  scarce  find 
enough  to  moot  his  obligations,  aft..r  forced  sales  and  the  usual 
sacrifices  attending  the  closing  up  of  business. 

«  General  Dearborn,  for  many  yeai-s  collector  of  the  port  of 
Boston,  said  in  a  public  address :  "  Af'^r  an  extmsive  acquain- 
tance with  business  men,  lam  satisfied  that  among  one  hun- 
dred merchants  and  traders  not  more  than  three  ever  acquire 

independence. 

Another  writer  from  Boston  says  the  statement  made  by 
General  Dearborn,  so  startling  and  appalling,  induced  an  ex- 
amination with  much  care,  which  proved  it  to  Ix!  true;  and 
that  an  examination  of  a  memorandum  made  in  1800,  of 
every  person  on  T»ng  Wharf,  compared  with  a  similar  one 
made  in  1840,  showed  only  five  in  a  hundred  remaining;  the 
rest  having  failed  or  died  insolvent.  \  *  '~ '-  '  V~ 
^  The  younr,  man  should  insure  for  his  oym,  his  parents,  or  a 
sister's  benefit,  which  he  can  readily  change,  if  he  chooses,  to 


13 


i  only  enabled  to  sui^tain 
hought  or  possibility  of 
families,  wlion  they  shall 
int  of  their  stewardship, 
ery  Church  to  provide  a 
to  add  to  his  salary  be- 
shall  enable  him  to  do  it. 
.  of  all  clivsses  there  are 
d  vicissitudes  of  fortune 
)W  poverty  may  stare  him 
)endcnt,  yet  should  death 
;utors  would  scarce  find 
forced  sales  and  the  usual 
business. 

irs  collector  of  the  port  of 
After  an  extensive  acquain- 
fied  that  among  one  hun- 
re  than  three  ever  acquire 

the  statement  made  by 
appalling,  induced  an  ex- 
roved  it  to  1)0  true;  and 
iiduin  made  in  1800,  of 
pared  with  a  limilar  one 
a  hundred  remaining ;  the 

,r  his  own,  his  parents,  or  a 
y  change,  if  he  chooses,  to 


the  benefit  of  a  wife,  or  wife  and  children,  when  he  shall  come 
to  have  them,  without  any  increase  of  yearly  promiuni. 

The  man  with  incumbrances  upon  his  jjroperty  should  in- 
sure to  the  full  amount  of  it,  to  enable  his  family,  in  case  of  his 
decease,  a  ready  means  to  meet  all  payments,  and  secure  to 
them  a  comfortable  home. 

Creditors  should  insure  the  lives  of  debtors,  as  the  moans  of 
securing  the  ultimate  payment  of  doubtful  debts.  A  policy 
of  Life  Insurance  is  al-^o  applicable  as  collateral  security,  when 
credit  is  to  be  obtained,  or  money  borrowed. 

OBJECTIONS  TO   LIFE    INSURANCE    ANSWERED. 

First.  It  is  stated  that  if  the  same  sum  that  is  expended 
yearly  in  Life  Insurance,  were  placed  in  a  Savings'  Bank,  or 
put  out  at  interest,  it  would  in  a  few  years  amount  to  as  much 
as  an  insuranc<?  policy.  We  readily  grant  this  fact,  but  in  re- 
ply would  ask  what  surety  is  there  that  a  man  will  live  the 
few  years,  or  the  term  of  his  expected  life  even  ?  Or,  again, 
what  surety  is  there  that  he  will  put  out  this  stipulated  sum 
at  interest,  yearly  ?  Pjist  experience,  at  least,  teaches  that  but 
few  men  do  it;  the  10,000  widows  and  orphans  in  our  midst, 
give  evidence  to  the  fact  that  it  has  not  been  done  but  in  few 
instances.  Suppose  a  person  at  25  years  of  age,  whose  pre- 
mium on  Jtl,000  would  be  $20,40  a  year,  should  put  this  sum 
out  at  interest — at  the  end  of  one  year,  if  he  should  decease,  his 
family  gets  barely  $20,40  with  interest  added,  making  $21,82 
only,  wherean,  from  a  life  jiolicy  they  would  get  $1,000,  with 
his  proportions  of  the  accumulations. 


mS^i'^' 


14 

Secondly.  It  is  objectea  that  it  is  a  kind  of  lottery,  or  spe- 
cies of  gambling ;  that  to  make  it  a  successful  investment,  an 
early  death  is  necessary,  &c.  Put  this  is  a  great  mistake,  and 
is  only  made  by  those  who  know  nothing  of  the  principles  of 
Life  IiLsurancp.  There  is  no  gan.bling  about  it— there  is  even 
far  less  chance  in  it  than  in  the  ordinaiy  business  of  life.  As 
has  been  before  stated,  the  expectation  of  life  at  every  age  is 
known,  and  each  man  is  chaiged  that  sum  per  year,  which  in 
the  given  number  of  yeara  ho  is  expect^^d  to  live,  will  amount 
ito  the  sum  for  which  he  insuivs  ;  which  his  family  receives 
at  death,  together  with  the  accunmlations.  If  he  dies  soon,  they 
then  get  simply  the  sum  for  which  he  insures,  with  a  small  iic- 
cumulatioii.  If  he  lives  beyond  the  expected  term  of  life,  they 
get  the  amount  of  his  policy  t<igcther  with  the  addition  of  a 
large  amount  of  accumulations  ;  and  he  who  ii\  es  to  pay  the 
most  will  receive  the  most.  It  is,  in  reality,  a  more  equal 
distribution  of  property  according  to  the  expecUition  of  life. 

Thirdly.  It  is  objected  to,  on  the  grounds  that  it  is  profit- 
ing in  the  death  of  a  hiusband  or  father,  lleuce  we  ofton  hear 
of  the  superstitious  idea  tliat  "  Lift;  Insurance  is  the  price  of 
blood."  This  of  course  arises  from  ignorance,  as  precisely  the 
same  objection  would  lie  against  any  and  every  sort  of  provi- 
sions made  for  the  family  in  anticipation  of  death  1  Even  the 
detail  of  property  finds  in  it  the  same  objection  ;  yet  we 
never  hear  that  those  with  such  wpieamish  notions  ever  re- 
fuse a  dowry,  a  legacy,  or  heirship. 

The  truth  is,  that  Life  Insurance  is  simply  setting  aside  and 
investing  a  sum  yearly,  with  a  wrtainty  of  a  safe  return  with 


HiWWw»«x*W"J<(  *i ' 


^  r^'-mmi.W-MMi^fltgalf^^: 


■H^-'miA 


,  kind  of  lottery,  or  spe- 
?cessful  investment,  an 
i  is  a  ftroat  mistake,  and 
ling  of  the  principles  of 

about  it — there  is  even 
ny  business  of  life.     As 

of  Ufo  at  every  age  is 
.  sum  per  year,  which  in 
U^d  to  live,  will  amount 
ch  his  family  receives 
lis.  If  he  dies  soon,  they 
iu!>ures,  with  a  small  .ic- 
pected  term  of  life,  they 

with  tlie  addition  of  a 
le  who  lives  to  pay  the 

reality,  a  more  equal 
ho  exjieotiition  of  life, 
grounds  that  it  is  profit- 
>r.  lleuce  we  oft<>n  hear 
surance  is  the  price  of 
uorance,  as  precisely  the 
and  every  sort  of  provi- 
ion  of  death  !  Even  the 
ime  objection  ;  yet  we 
eamish  notions  ever  rc- 

simply  setting  aside  and 
ity  of  a  safe  return  with 


15 

accumulations ;  whereas  other  investments,  with  a  profitable 
and  sure  return,  are  not  so  easily  found,  and  often  end  in  an 
entire  loss. 

It  is  an  association  formed  by  individuals,  who  unit« 
towther,  under  a  contract,  to  supjiort  each  other's  fami- 
lies in  case  of  death.  In  order  to  accomplish  this,  it  becomes 
necessary  lo  establish  a  fund,  which  is  done  by  a  yearly  con- 
tribution, duly  apportioned  among  them,  according  to  their 
expecUition  of  life,  and  the  amount  to  1)C  received  by  the 
family  at  each  one's  decease. 

Fourthly,  and  lastly.  It  is  objected  to  on  the  grounds  that 
it  is  distrusting  the  goodness  of  Providence.  And  the  hypo- 
critical pharisee,  who  is  too  supremely  selfish  to  deny  lymself 
in  the  indulgence  of  some  unnecessary  and  perhaps  f  Uhy  hab- 
its, in  order  to  provide  his  wife  and  children  against  want,  of- 
fers as  an  apology  for  his  conduct  his  trust  in  Providence,  as 
if  Providence  would  smile  upon  or  countenance  such  blasphe- 
my.    Such  a  trust  is  sure  to  end  in  disappointment. 

In  the  language  of  a  celebrated  divine,  "  What  right  has  a 
man  to  trust  to  Providcmc  to  do  for  him  what  Providence  has 
enabled  him  to  do  for  himself  ?  The  wisdom  and  goodness  of 
Providence  are  shown  in  giving  man  the  power,  and  placing 
him  in  circumstances  in  which  he  can  exercise  it.  A  neglect  to 
use  and  exorcise  this  jMiwer,  is  a  disregard  of  Providence  and 
of  his  manifest  designs.  Does  a  man  show  his  trust  in  Provi- 
dence by  entertaining  the  expectation  that,  though  he  shall 
neither  plow  or  sow,  yet  somehow  a  crop  shall  spring  up, 
which  he  shall  be  permitted  to  reap  ?    Or  rather,  is  not  the 


atawi«ia«ii  II  ,i  i  WJKimjfef . 


16 

right  trust  shown  by  plowing  and  sowing,  planting  and  wa- 
tering, and  then,  after  all,  looking  to  God  for  the  increase. 
All  that  our  limited  power  and  wisdom  can  accomplish,  it  be- 
hooves us  to  do;  and  after  that  is  done,  there  will  still  remain 
an  abundant  scope  for  the  exercise  of  a  trust  in  Frovidtnce." 

LIFE  INSURANCE  OF  GREATER  MOMENT  THAN 
OTHER  INSURANCE.' 

Scarce  any  one  of  intelligence  at  this  age  doubts  the  pro- 
priety of  securing  his  house  or  property  by  an  insurance 
against  the  possibility  of  a  loss  by  fire  or  otherwise ;  and  yet 
this  is  absolutely  of  far  loss  importance  to  the  family,  than  an 
insurSftcc  upon  their  only  reliable  proi^erty  invested  in  a  hus- 
band and  father,  which  is  constimtly  exposed  to  the  hazard  and 
uncertainties  of  life.  Should  a  loss  occur  in  the  former,  indus- 
try, perseverance,  and  economy  will  in  a  few  years  replace  it ; 
in  the  latter,  it  is  a  complete  and  fatal  one,  and  can  never  be 
regained  in  this  world.  Truly  sad  is  that  fate 'which  brings 
with  it  only  poverty  and  want,  when  the  certainties  of  that 
loss  by  death  shall  come  to  be  realized. 

EARLY  ATTENTION  TO  LIFE  INSURANCE. 

Life  Insurance  should  then  receive  the  earliest  attention  of 
every  one  who  has  a  family  or  friends  dependent  on  him  for 
support.  The  welfare  of  those  we  have  sworn  before  high 
heaven  to  protect,  demands  it.  llie  offspring  whom  Gotl  has 
given  us,  and  to  whom  we  owe  a  fostering  care,  demands  it. 


^--..««««»«ifew_a«aBSSBj8f^jie<5= 


!ig,  planting  and  wa- 
God  for  the  increase. 
I  can  accomplish,  it  be- 
,  there  will  still  remain 
trust  ill  Providtnce." 


I  MOMENT  THAN 
CE.' 

s  ago  doubts  the  pro- 
)erty  by  an  insurance 
or  otherwise ;  and  yet 
I  to  the  family,  than  an 
lerty  invested  in  a  hus- 
posed  to  the  hazard  and 
;ur  in  the  former,  indus- 
1  a  few  years  replace  it ; 
one,  and  can  never  be 
that  fate 'which  brings 
the  certainties  of  that 
I. 

E  INSURANCE. 

the  earliest  attention  of 
dependent  on  him  for 
lave  sworn  before  high 
offspring  whom  God  has 
ycring  care,  demands  it. 


17 


The  welfare  of  society  demands  it.  The  laws  of  <iod,  of  man, 
of  liuman  sympathy  and  kindness,  demand  it.  Wo  owe  it  to 
ourselves,  to  our  consciences,  to  all  that  is  near  and  dear  to  us, 
to  make  such  adequate  provisions  as  are  mthin  our  means,  for 
those  who  have  a  right  to  tliat  protection  which  the  laws  of 
kindred  nature  claim.  Indeed,  it  should  be  a  privilege  as  well 
as  pleasiu'e  to  ev.-ry  g(X)d  and  free  citizen  ;  and  in  the  lan- 
guage of  ;he  Tipostlo, — "  If  a  man  provide  not  for  his  own,  and 
especially  for  those  of  his  own  liouse,  he  hath  denied  the  faitli, 
and  is  worse  than  an  infidel." 

BUT  A  SMALL  SACRIFICE. 

What  man  is  there  that  cannot  spare  from  his  income  the 
small  matter  of  2,  4,  6  or  8  shillings  j)er  week,  and  not  feel 
himself  any  the  jX)orer  for  it ;  or  if  needs  be,  who  cannot  deny 
himself  some  trifling  luxury  that  these  would  buy,  to  provide 
a  certainty  for  those  who  are  near  and  dear  to  him,  after  the 
last  tie  is  broken. 

Who  is  there  so  devoid  of  feeling,  so  supremely  selfish,  so 
destitute  of  human  kindness,  as  to  add  at  a  last  parting,  to 
the  anguish  and  suffering  of  those  to  whom  he  i*  \xm\d  by 
the  nearest  and  dearest  of  all  earthly  ties,  the  horrors  of 
destitution,  of  want,  ami  of  misery.  And  especially,  too,  when 
the  means  are  within  his  grasp  and  at  so  trifling  a  sacrifice  f 
— Certainly  no  one  that  fully  understands  what  these  are, 
and  how  readily  obtained — who  is  a  man,  in  t'-^  fullest  mean- 
ing of  the  term — will  dare  to  die,  and  leave  his  family  with 
only  a  prospct  of  want. 


18 

Indeed,  we  hold  it  to  be  a  fact  beyond  controversion,  that, 
with  the  advant.-iges  of  the  present  age,  a  man  has  no  right 
to  die  without  first  havin-  secured  a  competency,  so  far  as 
he  is  able,  for  the  wife  of  his  bosom,  who  has  left  a  father's 
houi^e  to  share  in  his  troubles,  and  cater  to  his  happiness,  and 
also  for  the  offspring  which  God  has  entrusted  to  his  care.^    ^ 
It  is  not  only  an  irreparable  wrong  against  them,  but  it  is 
an  injustice  to  civilized  society.     It  is  a  crime  against  high 
Heaven,  for  which  his  Maker  will  one  day  call  him  to  an 

account. 

We  speak  thus  positively  upon  this  subject,  because  the 
means  are  within  the  reach  of  all  who  enjoy  a  fair  proportion 
of  health.  The  expense  is  far  less  than  most  people  imagine 
who  have  not  investigated  this  subject.     (See  Tables,  page  23.) 

ALL  MAY   INSURE. 

Where  is  the  man  that  cannot  spare  a  small  quarterly  or 
yearly  sum  of  money  to  guarantee  his  family  against  the  pos- 
sibility of  want  ?  Not  one  who  reads  this  book— scarce  one 
in  this  community,  or  any  other.  At  least,  if  you  show  us 
such  a  man,  we  will  show  you  one  that  spends  an  equal 
amount  for  the  indulgence  of  that  most  filthy  of  all  habits, 
the  use  of  tobacco,  or  some  other  equally  unnece^ary  one 
that  neither  benefits  him  or  his  family. 

But,  says  one,  will  you  rob  us  of  all  our  comforts  and  luxu- 
ries? We  answer,  no-r«os<mM«<«'^aHy,  NO.  For  any  m- 
dulgence  that  is  injurious  to  health,  and  tends  to  shorten 


t 


yond  controversion,  that, 
age,  a  man  has  no  ri<jht 
a  competency,  so  far  aa 
1,  who  has  left  a  father's 
iter  to  his  happiness,  and 
entrusted  to  his  care. 
g  against  them,  hut  it  is 
;  is  a  crime  against  high 
one  day  call  him  to  an 

this  subject,  because  the 
ho  enjoy  a  fair  proportion 
than  most  people  imagine 
3t.     (See  Tables,  page  23.) 


lURE. 

spare  a  sinall  quarterly  or 
his  family  against  the  pos- 
lads  this  book— scarce  one 
At  least,  if  you  show  us 
one  that  spends  an  equal 
t  most  filthy  of  all  habits, 
>r  equally  unnecessary  one 

Tiily. 

f  all  our  comforts  and  luxu- 
haticaUy,  NO.  For  any  in- 
ilth,  and  tends  to  shorten 


19 

life,  is  neither  a  comfort  or  luxury.  And  ho  who  deprives  his 
family,  his  wife  and  children,  whom  ho  is  bound  by  all  the 
ties  of  humanity  lo  protect  and  provide  for,  of  that  support 
which  his  po-ition  so  justly  entitles  tliem  to,  does  so  at  a  sa- 
crifice of  justice,  reason,  and  humanity. 


EVILS   OF    NOT  INSURING. 

Do  not  complain  that  we  are  too  severe.  But  go  with  us 
among  the  poor  of  our  large  towns  and  cities— yes,  go  with 
us  among  the  poor  in  our  very  midst.  Behold  the  widows 
and  orphans  suffering  for  the  want  of  the  most  common  ne- 
cessaries of  life,  made  so  from  a  neglect  to  eftect  an  insurance 
upon  their  only  property,  their  only  resources,  now  entirely 
and  forever  cut  off,  viz  :  the  life  of  a  hur^baud  and  father. 

Behold  the  misery,  the  want,  the  suffering,  the  cold  and 
cheerless  prospects,  the  excessive  toil,  the  deficiency  of  food, 
clothing,  and  comforts  of  life.  Hark  !  hear  those  dear  ones, 
who  once  had  a  fond  father  to  caress  them,  now  crying  for 
bread.  Witness  the  pang  that  shoots  through  that  anxious 
and  care-worn  mother's  breast,  as  she  raises  her  eyes  to  hea- 
ven, and  with  a  broken  heart  and  suppliant  tone  pleads  for 
her  innocent  offspring.  She  murmurs  not ;  but  she  feels  that 
her  burthen  is  more  than  she  can  bear.       -        < ;-  *   -»w   ;„ 

Witness  all  the  horrors  of  poverty  attendant  upon  a  ne- 
glected widow,  whoso  greatest  exertions  are  remunerated  only 
with  a  miserable  pittance,  surrounded,  as  she  may  be,  with 
her  helpless  children— suffering  for  the  necessaries  of  life ;  and 


.v&».KmrtD^^-faSig^0^eij^i^!^f^  - 


S    : 

pli: 

m 


20 

then,  but  for  a  moment  reflect  that  our  own  families,  our  own 
wife,' and  dear  ones,  are  daily  exposed  to  the  same  sad  fate, 
80  long  as  we  live  without  providing  a  certainty  against  their 

future  want. 

This  is  not  an  overdrawn  picture.  In  the  capacity  of  a 
physician  for  the  last  fourteen  years,  we  have  witnessed  nu- 
merous instances  of  families  reduced  to  penury  and  want  hy  the 
death  of  a  husband  and  father,  whose  former  circumstances 
were  in  every  respect  as  good  as  many  of  ours ;  and  far  better 
than  some  who  imagine  themselves  rich  in  this  world's  gooda. 

WHEN  OUGHT  AN  INSURANCE  TO  BE  EFFECTED? 

Now.  Firet,  because  it  is  less  expensive  than  it  will  be 
when  you  get  older.  Second,  because,  if  in  health,  you  wUl 
pass  a  medical  examination  and  be  accepted.  Third,  life  » 
uncertain,  and  delays  are  dangerous. 

In  proof  of  the  first,  we  have  only  to  state  that  the  premium 
rates,  per  year,  are  increasing  as  you  grow  older,  so  long  as 
you  remain  uninsured.  Whereas,  when  insured,  you  continue 
to  pay,  during  your  natural  life,  the  rates  per  year  that  are 
chargeable  at  the  age  you  make  the  first  payment. 

A  man  at  43  years  of  age  pays  as  much  per  year  for  a 
pohcy  of  12,000,  as  one  at  20  pays  for  a  policy  of  $4,000 ;  and 
at  50,  as  much  for  $2,000  as  one  at  20  does  for  $5,300.    This, 

with  the  accumulations  made  to  each  F^o"  '"««'^*^  '"  ^^'^ 
form  of  dividends,  alone  offers  great  inducements  to  insuring 

young. 


■^m, 


j^jHaafBi'-jB  j<MrJ  HA  *v»aWflWi«i^: : 


21 


(ur  own  families,  our  own 

ed  to  the  same  sad  fate, 

a  certainty  against  their 

;.  In  the  capacity  of  a 
rs,  we  have  witnessed  nu- 
to  penury  and  want  by  the 
tiose  former  circumstances 
ny  of  ours ;  and  far  better 
rich  in  this  world's  goods. 

) 
IE  TO  BE  EFFECTED? 

xpensive  than  it  will  be 
use,  if  in  health,  you  will 
accepted.      Third,  life  » 

s. 

r  to  state  that  the  premium 
►u  grow  older,  so  long  aa 
when  insured,  you  continue 
le  rates  per  year  that  are 
e  first  payment, 
as  much  per  year  for  a 
for  a  policy  of  $4,000;  and 
1 20  does  for  $5,300.    This, 
;ach  person  insured  in  the 
at  inducements  to  insuring 


In  ropaid  to  the  second,  no  Insurance  Company  will  take  a 
risk  whtMo  ti,.  porson  applying  is  not  in  sound  healUi,  with  a 
ftiir  j.njspect  of  long  lifr-.  Hpnce  it  behooves  all  who 
tliink  uf  insuring,  to  avail  themselves  of  its  advantages  before 

the  ravages  of  disease  have  marked  them,  and  rendered  their 
chances  of  acceptance  doubtful. 

Third,  and  lastly.  What  gi-eater  evidence  do  we  Want,  lio 
prove  the  uncertainty  of  life  and  the  dangers  of  delay,  than  a 
moment's  reflection ;  during  which  our  own  observations  and 
past  exprience  shall  occupy  our  mind.  How  many  can  each 
one  of  us  call  to  remembrance  of  mothers,  orphans,  and  depen- 
dent parents,  victimized  by  this  uncertainty  of  hfe  and  tliis 
dangerous  delay.  How  many,  but  for  it,  would  have  enjoyed 
a  comfortable  livelihood,  who  now  suffer  in  abject  poverty  and 
want.  Do  not  our  innermost  feelings  respond  to  the  declama- 
tion that 

DELAYS  ARE  DANGEROUS. 

Procrastination  is  the  thief  of  time ;  disease  may  come  upon 
you ;  death  may  overtake  you ;  and  in  an  hour,  when  you  think 
not,  you  may  suddenly  be  cut  off,  and  that  without  remedy  to 
your  family. 

Wait  not  then  for  a  more  convenient  season ;  accept  the 
boon  while  it  is  near,  and  at  the  earliest  possible  convenience 
provide  for  your  own  household  the  means  of  an  honest  livelK 
hood  when  time  shall  cease  to  know  you  more. 


22 


WHAT  IF  I  SHOULD  DIE  TO-NIOHT? 

Let  f^ach  one  ask  himself  this  question  -.-Suppose  I  were 
called  to  render  up  my  stewardship,  leaving  this  for  the  world 
of  spirits  to-nuM  ^v^^t  provision  have  I  made  to  seeure  the 
comforts  of  life  to  those  who  are  dependent  on  me  for  their 
daily  sustc-nance  ?     Would  those  who  arc  dear  to  me  be  safe 
from  the  pangs  of  want  ?     Would  this  dear  wife,  and  these 
aged  parents,  be  independent  of  the  cold  charities  of  this  world  \ 
Would  these  dear  children,  comnuttod  to  my  care,  have  a 
comfortable  home  and  the  means  of  education  ?    Would  tliere 
be  no  sacrifices  of  property  by  forced  sales,  to  meet  the  de- 
mand, of  creditors,  or  the  want«  of  diose  I  leare  behind  me  ? 

If  we  can  answer  these  to  our  own  satisfaction,  then  are  we 
prepared,  so  far  as  they  are  concerned,  to  account  for  the 
"Udent"  entrusted  to  our  care,  returning  it  with  usury. 

In  view  of  all  these  facts,  ought  we  not,  while  in  health,  sur- 
rounded with  the  comforts  of  life,  and  the  means  within  our 
power  to  prepare  ouselves  to  die  at  a  moment's  notice,  leavmg 
our  families  and  those  dependent  on  us  in  as  good  cncum- 
gtances  as  we  should  do,  had  we  but  a  warning  of  the  day  and 
hour  beforehand.  Yea,  fully  prepared,  so  that  at  any  hour 
we  can  part  with  our  near  and  dearest  friends,  and  at  any 
hour  meet  our  God. 


m. 


:  TO-NIOHT? 

?stion  : — Suppose  I  were 
leaving  this  for  the  world 
ave  I  made  to  secure  the 
opendent  on  me  for  their 
tio  are  dear  to  me  be  safe 

this  dear  wife,  and  these 
old  charities  of  this  world  1 
ittod  to  my  care,  have  a 
education  ?    "Would  tliere 
Bed  sales,  to  meet  the  de- 
Jiose  I  leaTC  behind  me  ? 
n  satisfaction,  then  are  we 
3vned,  to  account  for  the 
rning  it  with  usury. 
,ve  not,  while  in  health,  sur- 
and  the  means  within  our 
t,  a  momenVs  notice,  leaving 

on  us  in  as  good  circum- 
jt  a  warning  of  the  day  and 
pared,  so  that  at  any  hour 
dearest  friends,  and  at  auy 


23 


Rates  of  Premium  on  91000  for  Life,  all  cash. 


Age. 

Quarterly 
Payment. 

Annual 
Payment. 

Equal   1 
per  week. 

Per  (lay. 

20 



$17  70 

34fts. 

5rts. 

25 

«5  30 

20  40 

39 

5i 

30 

6  20 

23  60 

45 

6i 

35 

7  10 

27  50 

53 

7i 

40 

8  20 

32  00 

61 

H 

45 

9  60 

37  30 

7li 

10 

60 

11  80 

46  00 

88if 

12* 

Rates  of  Premium  on  Life  Policiss,  with  note  and  cash. 


Age. 


20 
25 
30 
35 
40 
45 
50 


Policy. 


>fote. 


Cash. 


I;TI  Cash    p     J 
per  week,    '^""'^f- 


$3,000 
2,500 
2,200 
2,000 
1,700 
1,500 
1,200 


«21  24 
20  40 

20  77 
22  00 

21  76 

22  88 
22  08 


$31  86 

30  60 

31  15 
33  00 

32  64 

33  57 
83  12 


OltU. 

59 

60 

63^ 

62i 

64} 

63} 


8^rts 
8 

9 
9 
9 
9 


Accumulations  of  the  New- York  Life  Insurance 

Company,  to  April,  1852,  over $500,000 

Deposited  with  the  Comptroller, 100,000 

"  Be  wise  loday—'lis  madness  to  defer." 


br< '''  *  — iwn iw""i 


THE 


tm-fm\<  lift  %\mmtt  Companq, 

No.  106  BBOASWAY, 

CORNCR    OF   PIWB  .TREET.    NEilKLT  OPPOBITB  TKINITV  CHOBCH, 

NEW-YORK. 


PRESIDENT, 
MORRIS    FRANKLIN. 

VICE-PRESIDENT, 
ISAAC   C.    KENDALL. 


TRUSTEES, 


MORRIS  FRANKMN. 
JOHN  M.  NIXON. 


ISAAC  C.  KENDALL. 
WILLIAM  COXE  DUSENBERT. 


ALFRED  FREEMAN,  M.  D.  GEOROE  GREER. 


JOHN  S.  BUSSING. 
JOHN  C.  BEACH. 
HENRY  I.  SEAMAN. 
WILLIAM  BARTON. 
DANIEL  8.  MILLER. 


JOHN  L.  ROGERS. 
PETER  H.  VANDERVOORT. 
WILLIAM  PATRICK. 
JOHN  MAIR& 
JOHN  RICE. 


PLINY  FREEMAN. 


ACTUARY, 
PLINY    FREEMAN. 


:'i-ti  r^t! 


MEDICAL   EXAMINERS, 
GEORGE  WILKES,  M.  D.,  28  Uight  *reet. 
CORNELIUS  R.  BOGERT,  M  D  .  5  St  Marki  Pl»£e 


\C 


i> 


SOLICITOR, 
ORSAMGS  BUSUNELL,  E«| ,  22  N»mu  iireel. 


MS 


ft.* 


mn  Componq, 

ITAY, 

•OBITB  TKINITV  CHOBCH, 


KLIN. 

INT, 
DALL. 


kC  C.  KENDALL. 

1.1AM  COXE  DUSENBERT. 

IKGE  GREER. 

N  L.  ROGERS. 

'ER  H.  VANDERVOORT. 

,L1AM  PATRICK. 

IN  MAIR& 

IN  RIt-E.       ^      • 

AN. 


:man. 


IINERS, 

Ijiighl  •:ree(. 

D.,  6  St  Mvrk'i  Place. 


R, 

|.,  122  NacMii  Mreet. 


